OR > Portland
Portland, OR 97035,9404 N LOMBARD ST
Portland, OR 97035,9404 N LOMBARD ST
Portland, OR 97035,9404 N LOMBARD ST
Portland, OR 97035,9404 N LOMBARD ST
Portland, OR 97035,9404 N LOMBARD ST
Portland, OR 97035,9404 N LOMBARD ST
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Matt Willcuts

Matt Willcuts

+1(503) 807-8008
Listed by Constant Commercial Real Estate Inc • 503-222-0282
$ 1,500,000
Est. payment | /mo

4,450 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

4,450 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,450 sqft

Price per Sqft $337

MLS Listing ID 719178355

Year Built 1964

Annual Tax Amount $14,624

Tax Year 2024

Property Description

Exceptional 6-unit multifamily opportunity in the vibrant St. Johns neighborhood! This turnkey asset features a desirable mix of one, two, and three-bedroom units, all renovated within the last six years with modern upgrades, including new kitchens, flooring, vinyl windows, and fresh interior and exterior paint. Each unit is equipped with washer/dryer hookups and off street assigned parking. The property is platted as individual condominiums, providing future flexibility. A new roof (2022) and newer stainless steel appliances enhance long-term durability and appeal. Located in a prime area with easy access to major employers, dining, shopping, public transportation, and downtown Portland, this property ensures strong rental demand. The gross monthly income of $9,680 plus $415 in utility bill-backs delivers a solid cash flow, with assumable financing (3.47%!) available for qualified buyers. Don't miss this rare opportunity to acquire a well-maintained, income-generating asset in one of Portland's most sought-after rental markets!

Location

State OR

County Multnomah

Area _141

Zoning RM2

Interior

Heating Wall Heater

Exterior

Roof Type Composition

Garage No

Building

Lot Description Corner Lot

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Sitton

Middle Schools George

High Schools Roosevelt

Others

Acceptable Financing Assumable, Cash, Conventional

Listing Terms Assumable, Cash, Conventional

Regional Multiple Listing Service (RMLS)
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9404 N LOMBARD ST